Hot Property: Lenny Dykstra's Thousand Oaks estate in default
The estate of former New York Met and Philadelphia Phillies outfielder Lenny Dykstra has been showing up on the Multiple Listing Service's pre-foreclosure activity report for the last several weeks. The Zillow.com blog posted an item on it in mid-April.
The Richard Landry-designed home is listed for sale at $25 million, having been priced as low as $16.5 million in December. It has been on the market for about a year. Public records show the baseball player purchased it for $18.5 million in August 2007. Ouch.
The seven-acre compound in Thousand Oaks is gated and has views of the Lake Sherwood community and the country club facilities.
Hat tip: Pete in Mar Vista.
-- Lauren Beale
Thoughts? Comments?
Photo: The main house has 12,713 square feet of living space, including a receiving parlor, a formal dining room and a state-of-the-art screening room. Credit: Sheila Cooper
Is Lenny Dykstra Broke?
Posted by: Ruben | May 07, 2009 at 01:40 PM
ESPN recently had a well-done feature on Dykstra's "business empire" (http://sports.espn.go.com/mlb/news/story?id=4084962). According to the ESPN article, Dykstra is a real piece of work and, judging by the default on his residence, it looks like he is getting his comeuppance.
Posted by: Anonymous | May 07, 2009 at 01:51 PM
This sounds like he cashed out for about another $6 million, and is now walking away? ($25mill-18.5mill=$6.5mill). I guess he had to earn something for keeping the house, isn't that what most (American) folks think. Of course the bank could then rate it as an A++ loan, and resell it to another bank in say...Iceland (of course after taking their huge cut).
Posted by: woodstock1969 | May 07, 2009 at 03:02 PM
Had some ups and downs, no credit, bad credit, bankruptcy? No Problems!!! Live the American Dream...
Posted by: Raul X. Garcia | May 07, 2009 at 05:19 PM
He paid $18 million too much; ugly home!
Posted by: August | May 07, 2009 at 05:51 PM
I saw pics of this "estate" on another page and just can't believe how poor the landscaping is for a home in the tens of millions of dollars....I've seen homes under 1 million that are better than this, both in landscaping and the actual house...
Posted by: Mike in Philly | August 28, 2009 at 05:58 PM